The Nigerian National Petroleum Company Limited, NNPCL and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited, First E&P, have commenced oil production from Madu Field.
The Nigerian National Petroleum Company Limited, NNPCL and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited, First E&P, have commenced oil production from Madu Field . A statement by NNPCL Chief Corporate Communications Officer Olufemi Soneye, said production from the field, located in shallow waters offshore Bayelsa State and operated by First E&P, is expected to be at an average of 20,000 barrels per day.
recalls that the final investment decision on the development of the Madu Field and a sister field, Anyala, was taken by NNPCL and First E&P in 2018. “Production from the Madu Field will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading Unit, which has a crude oil storage capacity of up to 800,000 bbls,” Soneye said.
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